每日债市速递 | 央行公开市场单日净回笼755亿元

Market Overview - The central bank conducted a 750 billion yuan reverse repurchase operation with a fixed rate of 1.40% on February 2, resulting in a net withdrawal of 755 billion yuan for the day [3][4]. - The interbank market remains stable, with the weighted average rate of DR001 rising over 3 basis points to approximately 1.36% [5][6]. - The latest one-year interbank certificates of deposit (CDs) traded around 1.60%, showing a slight decline from the previous day [7][8]. Bond Market - The yield on major interbank bonds showed mixed movements, with the 30-year contract rising by 0.18%, while the 10-year and 5-year contracts fell by 0.03% and 0.02%, respectively [12]. - The Ministry of Finance plans to issue 300 billion yuan in 28-day discount treasury bonds on February 3 [17]. - Agricultural Development Bank will issue up to 100 billion yuan in financial bonds on February 3 [17]. Regulatory Updates - The Ministry of Finance and the State Administration of Taxation announced new tax deduction measures for long-term assets, effective from January 1, 2026 [13]. - The central government approved a spatial coordination plan for the Beijing-Tianjin-Hebei urban system, aiming to enhance the capital's influence and optimize urban structure [13]. Risk Monitoring - Recent non-standard asset risks in urban investment include several defaults and risk alerts related to various investment plans and trust products [19].